The United States: The employment cost index vs. the prime-age non-employment rate (a variation of the Phillips Curve):
The Eurozone: Investor sentiment continues to deteriorate.
China: The widening spread between Chinese and US bond yields should provide some support for the renminbi.
Credit: Investors can’t get enough of muni funds.
Food for Thought: Labor force participation and employment growth by metro-area size:
Edited by Joseph N Cohen
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